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Basic Question 4 of 5
Which type of bonds may have negative convexity?
B. callable bonds
C. putable bonds
A. traditional option free bonds
B. callable bonds
C. putable bonds
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare effective convexities of callable, putable, and straight bonds;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.